HR 8578 · 118th Congress · Taxation

Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024

Introduced 2024-05-28· Sponsored by Rep. Sykes, Emilia Strong [D-OH-13]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2024-05-28)

Plain Language Summary

[AI summary unavailable — showing source text] Retreaded Truck Tire Jobs, Supply Chain Security and Sustainability Act of 2024 This bill allows a new tax credit through 2027 for truck fleet retreaded tires. The amount of the credit shall be equal to the lesser of 30% of the basis of each qualified retreaded tire, or the amount incurred by a taxpayer to purchase such tires not exceeding $30 per tire.  A qualified retreaded tire is a retreaded truck tire that is retreaded and purchased in the United States.    …

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. LaHood, Darin [R-IL-16]IL